Zichron Yechiel Mechel Foundation
- Assets
- $15.3m
- Revenue
- $3.4m
- Investments
- $14.7m
- Employees
- 0
- Location
- Uniondale, NY
- Founding
- Data as of
- 12/2023
- EIN
- 85-6822856
Organization Overview
Zichron Yechiel Mechel Foundation is located in Uniondale, NY. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zichron Yechiel Mechel Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Zichron Yechiel Mechel Foundation generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (53.1%) each year. All expenses for the organization totaled $9.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Zichron Yechiel Mechel Foundation has awarded 605 individual grants totaling $22,654,613. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,431,231 |
| Interest on Savings | $336,769 |
| Dividends & Interest | $386,105 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$720,038 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,434,067 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,219 |
| Total operating and administrative expenses | $65,219 |
| Contributions, gifts, grants paid | $9,601,261 |
| Total expenses and disbursements | $9,666,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $576,567 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,895,045 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,309,961 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $12,767 |
| Total liabilities | $12,767 |
Grants Awarded
Over the last fiscal year, Zichron Yechiel Mechel Foundation has awarded $9,601,261 in support to 107 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEZER COMMUNITY RESOURCE CENTER INC PURPOSE: UNRESTRICTED | $27,500 |
AGUDAS ACHIM OF LAWRENCE PURPOSE: UNRESTRICTED | $25,500 |
AMERICAN FOUNDATION FOR YESHIVATH RASHBI PURPOSE: UNRESTRICTED | $25,000 |
AL KANFEI NISHARIM PURPOSE: UNRESTRICTED | $20,000 |
AMERICAN FRIENDS OF AYELET HASHACHAR INC PURPOSE: UNRESTRICTED | $6,000 |
AMERICAN FRIENDS OF KOLLEL BAIS YECHIEL ESFORMES INC PURPOSE: UNRESTRICTED | $21,000 |